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What is Module Project?

What is Module Project?

Module (MODL) – An innovative blockchain platform, based on PoSTT! Proof of Space, Time and Transaction The Module is a blockchain-based platform offering an asset of free mobile device storage. Module platform allows users to mine and rent unused GB even from small portable devices, which means that any mobile phone owner will be able to participate in the Module business and earn.
Module is a blockchain-based platform designed to utilize the free storage of smartphones, PCs, servers, etc. as an asset. Using the MODULE platform, one will be able to participate in mining even from a smartphone. Servers and enterprises can also participate in mining.
The company’s innovative software hopes to address problems inherent in existing blockchain services – excessive power consumption and tacit centralization – by allowing even users with low-powered hardware to host a portion of the blockchain as part of a cloud system. The company is also releasing its own cryptocurrency, the MODL token, that will be required to access its platform.

Module Features:

  • MODLAPP PRODUCT DEVELOPMENT: Internal testing will start from October 2018. The beta version will be distributed to users in December, after the completion of testing. The official release in Google Play and App Store is scheduled for January.
  • THE VALUE OF THE MODULE PLATFORM IS PROPORTIONAL TO THE NUMBER OF DL (USERS): One of the features of our project is that a token holder = MODL user. The beta version of the MODL application will be distributed to the users who purchased a MODL token during the ICO. The more activity on the application, the more value of MODL to be distributed. Influencers will be used to propagate the App and acquire users. Press releases will begin in the Asian region from August 2018.
  • PLATFORM OPERATION: Module’s goal is to develop content in which users can participate, such as advertising models and crowd funding. The release of unique content will improve user satisfaction.
  • EXPANSION OF THE TOKEN ECONOMY (ECONOMIC SPHERE): MODL will expand user content and bring platforms to the world, thereby acquiring Module’s commercial area.

How Does Module Works?

Module’s primary product is a blockchain-based data storage platform that allows anyone to act as a “miner” (data host) using their computer’s spare memory. The system isn’t necessarily aimed at end users, but rather at software developers who could use it to handle the back-end for a wide variety of applications.
In their whitepaper, Module estimates that there are easily billions gigabytes going unused on smartphones and other devices throughout the world; while most blockchain services depend on very powerful computers to verify transactions and store data, Module instead suggests that all this unused memory should be harnessed.
All data stored on Module’s platform is fully encrypted, keeping it protected from even the peer whose device it is saved on, yet it is readily accessible even if the host’s device is offline because multiple copies exist.
The platform’s developers state that theirs is one of the most viable alternatives proposed to the most widely used blockchain verification architectures, since proof-of-work algorithms require immense power consumption, and proof-of-stake methods are prone to tacit centralization.
The platform’s algorithms are designed to offer a truly decentralized system that will have no problem operating at a large scale, even in the future as computers’ memories and programs’ hardware requirements continue to grow.
Module allows its miners to set their own prices for their hosting service, which the company hopes will stimulate healthy competition and allow users to purchase only the storage capacity that they need for their intended use. Accessing the service will require payment in MODL tokens, which are used to compensate the host users for maintaining the service.
Development on the Module platform began in May 2018, though the company’s roadmap indicates that a beta version won’t be released until the end of the year. The company hopes to release a convenient smartphone app through Google Play and the App Store in the beginning of 2019.

Module Team:

Roadmap:

Token Sales Detail:

Module’s MODL is an Ethereum ERC-20 compatible toke. The private presale will run from June 15th to July 31st, 2018, and its full public ICO sale will start immediately afterwards and run until August 15th. During the crowdsale, one MODL token will cost $0.008 US dollars, though customers who participate in the pre-sale will receive a 7% discount. The MODL token soft cap is 5M and the hard cap is 30M.
Token : MODL
Token type: token Type: ERC20
Presale (pre-sale): 16 -31 July 2018
Price: 1 MODL=0.008 USD
Bonus: 7%
Crowdsale (main sale): August 1-September 30, 2018
Soft cap (minimum target): US $ 5 000 000
Hard cap( maximum target): US $ 18,000,000
Total cap (total): 15 000 000 MODL
Tokens for sale: 2 250 000 000 MODL
Restricted countries: USA, China, etc. countries where prohibited by law
Payment method: BTC, ETH, LTC, Dash, zcash for, ETC or USD (Bank transfer)
For more information:
Author: tinhkhuat
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